Europe Business News latest RSS headlines - Irish Sun.com Provides the latest RSS feeds for Europe Business News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Irish Sun.com http://www.irishsun.com/index.php/ct/10/id/baf10b3527f6df38/ en-us Thu, 07 Aug 2008 14:58:23 -0400 Thu, 07 Aug 2008 14:58:23 -0400 30 Bribery scandal may never reach French court A preliminary investigation into what has been called the biggest bribery scandal in French history is likely to be stopped. http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/391126/cs/1/ Wed, 06 Aug 2008 20:58:24 -0400 Irish Sun.com http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/391126/cs/1/ Euro dives then rallies on Trichet comments The euro fell sharply against the dollar on Thursday after ECB chief Jean-Claude Trichet referred to signs of weak eurozone growth, but bounced up as the market digested his remarks. The European sing... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730843/ Thu, 07 Aug 2008 13:51:14 -0400 Breitbart http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730843/ European central banks keep rates steady FRANKFURT, Germany (AP) -- The European Central Bank and the Bank of England both left their benchmark interest rates unchanged Thursday as they ponder how best to steer their economies between the sh... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730846/ Thu, 07 Aug 2008 13:43:01 -0400 Congoo http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730846/ FOREX-Dollar slips as jobless claims rise; euro falls * Dollar falls as U.S. jobless claims rise in latest week * ECB holds rates steady at 4.25 percent * Trichet highlights downside risk to euro zone growth (Updates prices, adds comment, byline) NEW YOR... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730849/ Thu, 07 Aug 2008 13:42:30 -0400 Congoo http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730849/ BA Execs Face Price-Fixing Charges LONDON - A quartet of former and current British Airways PLC executives were charged with cartel offenses by the Office of Fair Trading on Thursday, and now face potential jail terms in the highest pr... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16732745/ Thu, 07 Aug 2008 13:27:52 -0400 CNBC http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16732745/ European central banks sit tight on rates as growth slows - Summary Frankfurt - The European Central Bank (ECB) left interest rates on hold at 4.25 per cent Thursday with ECB chief Jean-Claude Trichet's downbeat economic assessment appearing to signal that further ris... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730188/ Thu, 07 Aug 2008 13:16:40 -0400 Earth Times http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730188/ FTSE loses ground after early gains Aled Blake , Media Wales THE London market failed to hold on to initial gains today, despite a boost from blue-chip banks in the wake of interim results from Barclays. A poor start to trading on W... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730850/ Thu, 07 Aug 2008 13:32:57 -0400 MSNBC http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730850/ Dollar up vs. euro, pound after central banks hold policy steady SAN FRANCISCO (MarketWatch) -- The dollar gained on the euro Thursday, after the European Central Bank held policy steady and hinted that no more interest rate hikes are coming for a while. http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730224/ Thu, 07 Aug 2008 13:18:50 -0400 Market Watch http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730224/ Euro-Atlantic cooperation needed to defeat terror, says EU Terrorism The EU is being told by its Future Group of interior and justice ministers that they should share vast amounts of intelligence and information on its citizens with the US to establish a "Eur... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730845/ Thu, 07 Aug 2008 12:27:30 -0400 IRNA http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730845/ Eurozone rates pause after ECB rates would remain steady, Moec said."If he repeats that it would clearly state that he is in a wait and see attitude."That would be consistent with the Bank of America's forecast that &quot... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730848/ Thu, 07 Aug 2008 13:06:29 -0400 Yahoo!7 News http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730848/ Rotorsim signs NH90 simulator and maintenance contracts with Netherlands Ministry of Defence valued at Euro 50 million DEN HAAG, THE NETHERLANDS--(Marketwire - Aug. 7, 2008) - (NYSE:CGT)(TSX:CAE) - Rotorsim, the consortium owned equally by CAE and AgustaWestland, a Finmeccanica company, today announced it has signed c... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730021/ Thu, 07 Aug 2008 12:17:36 -0400 Market Wire http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730021/ The Euro Zone Is Headed for a Bumpy Ride lowest level since the late 1990s (BusinessWeek.com, 8/01/08). European business is suffering, but companies won't get much relief when the European Central Bank makes its monthly interest rate a... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730851/ Thu, 07 Aug 2008 12:14:19 -0400 Business Week http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16730851/ Forex - Euro firms ahead of ECB rate decision LONDON (Thomson Financial) - The euro was higher ahead of the European Central Bank's interest rate decision, supported by figures showing a bumper German trade surplus and anticipation the bank may r... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16724345/ Thu, 07 Aug 2008 09:09:00 -0400 Congoo http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16724345/ USD, Pound, Euro and Yen decline; Yuan steady (Figures in Rupees) Currencies Buy Sell US Dollar 39.55 44.00 Sterling Pound 77.35 85.30 Euro 60.85 67.55 Australian Dollar 36.45 41.75 Bahrain Dinar 104.00 117.90 Canadian Dollar 37.25 41.75 Danish K... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16724174/ Thu, 07 Aug 2008 08:21:52 -0400 New Kerala http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16724174/ Telekom earnings slump on euro, fierce competition - Summary Frankfurt - Europe's biggest phone company Deutsche Telekom AG reported Thursday a 35-per-cent slump in second-quarter earnings as the strong euro and loss of German customers hit group profits. Germa... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16723852/ Thu, 07 Aug 2008 08:37:44 -0400 Earth Times http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16723852/ €5.96million spent on fruit and vegetables in Q2 During the second quarter the supply and wholesale value of fresh fruit and vegetables rose by 0.5% and 5.6% respectively, the National Statistics Office said on Thursday. Fresh fruit and vegetable... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16724340/ Thu, 07 Aug 2008 09:07:28 -0400 MaltaMedia http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16724340/ Euro rebounds against dollar The euro rebounded against the U.S. dollar on Thursday as markets awaited the European Central Bank's decision on interest rates and German data showed a rise in the country's trade surplus. The 15-na... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16724342/ Thu, 07 Aug 2008 09:09:07 -0400 Congoo http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16724342/ FTSE on the rise Barclays shares lifted almost 5% today after results showing a 33% drop in half-year profits came in at the top end of expectations.The absence of further shocks on credit crunch write-downs also work... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16724346/ Thu, 07 Aug 2008 08:39:34 -0400 Breaking News.ie http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16724346/ European economy shows more signs of weakness Europe was a dealt a string of bad economic news Thursday. France ran a record trade deficit in June, while Italian industry output barely grew, and a surge in German exports failed to allay concerns... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16723634/ Thu, 07 Aug 2008 07:40:46 -0400 International Herald Tribune http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16723634/ Strength of euro stings Deutsche Telekom Deutsche Telekom said Thursday that its second quarter net profit fell 35 percent as the strength of the euro, among other factors, ate into revenue. The company. however, it maintained its full-year... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16724348/ Thu, 07 Aug 2008 07:40:43 -0400 International Herald Tribune http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16724348/ Toyota profit hit by falling U.S. car sales Slipping North American sales, strong yen and rising costs dent Toyota profit The company has so far avoided deep losses racked up by General Motors and Ford Toyota says sales are strong in China, res... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16725929/ Thu, 07 Aug 2008 07:10:39 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16725929/ Oil prices rise, halt four-week fall Oil prices in Asia edge to near $120 a barrel, halting a four-week slide Rise happens amid fears over tension linked to Iran's nuclear program Analysts also believe that markets were oversold on poor ... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16725930/ Thu, 07 Aug 2008 07:10:38 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16725930/ Bank of Korea raises key rate Bank says there are no signs rising consumer prices would decline soon Hike is first time since August 2007 Bank has no immediate plans to raise key rate again Bank of Korea also predicts consumer inf... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16725931/ Thu, 07 Aug 2008 07:10:37 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16725931/ Barclays profit falls by more than a third Barclays profit hit as securities trading slows and credit writedowns continue Net profit for the six months to June 30 was £1.7 billion (US$3.3 billion) Chief Executive John Varley said the bank... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16725932/ Thu, 07 Aug 2008 07:10:36 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16725932/ Cost cuts reduce losses at Japan Airlines The airline says its business in air travel improved, with sales rising 1.4 percent JAL: Restructuring, a fuel surcharge, hedging a stronger yen kept fuel bill in check Rising oil prices have battered... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16725933/ Thu, 07 Aug 2008 07:10:34 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16725933/ Dollar up 6.74 kopeks, euro up 1.73 kopeks - Central Bank MOSCOW, August 7 (RIA Novosti) - The official dollar rate set by the Russian Central Bank for August 8 is 23.5816 rubles, up 6.74 kopeks from Thursday, the Central Bank said. The official euro rate fo... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16723680/ Thu, 07 Aug 2008 07:09:47 -0400 Russian Information Agency http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16723680/ AXA First-Half Profit Falls, Says Capital Adequate AXA , Europe's second-biggest insurer, reported lower first-half net profit on Thursday although the earnings came in above the average market forecast and AXA said it needed no capital increase. Net ... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16711531/ Thu, 07 Aug 2008 03:42:14 -0400 CNBC http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16711531/ FTSE closes higher thanks to mining boost Aled Blake , Media Wales THE FTSE 100 Index enjoyed its second winning session in a row today as news of a £5bn takeover move in the mining sector helped boost blue chips. Platinum firm Lonmi... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705541/ Thu, 07 Aug 2008 03:47:39 -0400 MSNBC http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705541/ Lonmin Tells Investors to Reject Xstrata Approach LONDON (Thomson Financial) - Lonmin Plc has told shareholders to reject the unsolicited $10 billion takeover approache from Xstrata Plc as the Anglo-Swiss miner starts building up its stake in the p... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16711530/ Thu, 07 Aug 2008 03:42:13 -0400 CNBC http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16711530/ Puma Profits from Strong Clothing Sales (Updates to add analyst forecast, Q2 EBIT margin) FRANKFURT (Thomson Financial) - Puma AG. said its second-quarter net profit rose 0.9 percent to 45.6 million euros as the company sold more clothin... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16711529/ Thu, 07 Aug 2008 03:42:12 -0400 CNBC http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16711529/ New data add to gloom for German economy German industrial orders posted a surprise and strong fall in June, data showed on Wednesday, adding to evidence that activity in Europe's biggest economy has slowed sharply. According to preliminary ... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16704129/ Thu, 07 Aug 2008 04:02:59 -0400 Breitbart http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16704129/ Euro clubs win appeal to keep players out of Olympics BEIJING -- Three European clubs won an appeal to the Court of Arbitration for Sport on Wednesday to keep their players out of the Olympic football tournament. Two, however, will still play, and the ot... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705539/ Thu, 07 Aug 2008 03:46:55 -0400 CBS Sports http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705539/ Harrington hopes to end Euro drought at PGA BLOOMFIELD TOWNSHIP, Mich. (AP) — Padraig Harrington is Europe's best hope to end a 78-year wait for a winner at the PGA Championship.Ever since Scotland's Tommy Armour beat Gene Sarazen 1-up to ... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705543/ Thu, 07 Aug 2008 03:23:50 -0400 Sports Illustrated http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705543/ TurnHere, Euro RSCG, Miva Bud Rosenthal was named TurnHere's CEO. Rosenthal has 20 years of experience in online solutions with small- and medium-sized businesses including senior roles as vice president at Yahoo Small Busines... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705540/ Thu, 07 Aug 2008 02:46:02 -0400 ClickZ News http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705540/ The Future of World Trade The idea was to create a unified trade regime for the entire globe. But with WTO talks failing last week, the future of trade looks much more fragmented. Myriad bilateral agreements are on the horizon... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16704525/ Wed, 06 Aug 2008 20:38:01 -0400 Business Week http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16704525/ EIT Governing Board appointed The European Commission has officially appointed the Governing Board of the European Institute of Innovation and Technology (EIT), paving the way for the launch of the first Knowledge and Innovation... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16719747/ Wed, 06 Aug 2008 20:43:44 -0400 EU Business http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16719747/ ESA spacecraft snaps best pictures yet of Martian moon The European Space Agency's Mars Express spacecraft has taken the most detailed images ever of the Martian moon Phobos. The pictures, which ESA describes as 'the best images of Phobos ever', reveal ... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16719746/ Wed, 06 Aug 2008 20:43:42 -0400 EU Business http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16719746/ Sony Buys the Rest of Ailing Sony BMG With Bertelsmann selling its 50% stake, the renamed Sony Music Entertainment will forge ahead as No. 2 in a troubled global music industry http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16706518/ Wed, 06 Aug 2008 20:37:55 -0400 Business Week http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16706518/ Xstrata launches six-billion-euro bid for fellow miner Lonmin ZUG, Switzerland (AFP) - Swiss mining giant Xstrata has sought to expand its global reach with a 6.0-billion-euro bid for British platinum producer Lonmin, termed "opportunistic and unwelcome&qu... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705549/ Wed, 06 Aug 2008 20:26:20 -0400 Yahoo! News http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705549/ Oil prices fluctuate on U.S. govt. report U.S. gas stockpiles fell more than forecast last week, crude oil supplies grew Result has been oil price fluctuated Wednesday just under $120 Crude supplies rose by 1.7M barrels; analysts expected fal... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16710527/ Wed, 06 Aug 2008 20:19:45 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16710527/ BNP Paribas sees Q2 profits fall 34 percent Global financial crisis hits profits of BNP Paribas, euro zone's biggest bank Still outperformed local rival Societe Generale, which saw a 63 percent drop CEO: The financial crisis and its fallout con... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16710526/ Wed, 06 Aug 2008 20:19:44 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16710526/ Quintas exceeds €40m target for solar energy investment fund THE solar energy fund set up by Cork-based Quintas Wealth Management has raised more than its €40 million target from 300 Irish investors to fund projects in the Spanish energy sector. http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705545/ Wed, 06 Aug 2008 20:15:58 -0400 Irish Examiner http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705545/ Mining and media stocks make mark on FTSE Contrasting fortunes for mining and media stocks left the FTSE 100 Index close to its opening mark today.Xstrata delivered a boost for the metals sector after it tabled an offer for platinum firm Lonm... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16702936/ Wed, 06 Aug 2008 07:49:48 -0400 Breaking News.ie http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16702936/ Dollar mixed on eve of eurozone rate decision The dollar rose against the yen but slid against the euro on Wednesday, the eve of an interest rate decision by the European Central Bank. In late morning London trading, the European single currency ... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705538/ Wed, 06 Aug 2008 08:24:54 -0400 Breitbart http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705538/ Coughlan vows to save businesses €20m on red tape The Tánaiste and Minister for Enterprise has promised to save Irish businesses €20m this year by cutting red tape.Mary Coughlan made the comments this morning following the release of the first rep... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705536/ Wed, 06 Aug 2008 07:49:45 -0400 Breaking News.ie http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705536/ School and college costs parents €60,000 - Survey The average cost of putting a child through school and college is currently more than €60,000, according to Bank of Ireland.The bank says a survey it conducted found that the cost of books, uniforms... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705547/ Wed, 06 Aug 2008 07:49:36 -0400 Breaking News.ie http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705547/ Rangers count cost of Euro defeat Rangers stand to lose millions of pounds after crashing out of European competition at the hands of FBK Kaunas. Defeat in the Champions League second qualifying round means last season's Uefa Cup fin... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705546/ Wed, 06 Aug 2008 06:26:49 -0400 BBC http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16705546/ Rio wants more Euro glory Rio Ferdinand believes Manchester United need to successfully defend the UEFA Champions League to be considered a 'really great team'. United secured a famous double last season by following up bac... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16699316/ Wed, 06 Aug 2008 03:35:19 -0400 Sky Sports http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16699316/ BASIS POINT-Investec Australia completes & #36; and euro loan debut basis points. Banks that took part were given the title of mandated lead arranger. Thirteen lenders joined the deal: Banco BAI Europa SA, BMO Capital Markets Financing Inc, BayernLB which was al... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16698849/ Wed, 06 Aug 2008 03:40:25 -0400 Yahoo!7 News http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16698849/ Midweek Lotto jackpot set to exceed €7.5m mark Consumers looking to escape the effects of the looming recession are expected to flock to Lotto machines across the country today.Tonight's midweek jackpot is set to exceed the €7.5m mark following ... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16699315/ Wed, 06 Aug 2008 03:50:55 -0400 Breaking News.ie http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16699315/ Three held after €1m worth of heroin seized Five kilos of heroin worth over €1m has been seized and three people have been arrested in Dublin. The three, a man and a woman in their late 20s and a man in his 50s, were detained following ... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16699317/ Wed, 06 Aug 2008 03:06:15 -0400 RTE http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16699317/ Greenback is set to MANAMA: The US dollar is due for a continuation of the slight strengthening seen recently, principally driven by the euro zone's rapid economic deterioration of late. That is the view of the latest S... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16699314/ Wed, 06 Aug 2008 03:03:27 -0400 Gulf Daily News http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16699314/ ICBC New York branch gets approved SHANGHAI, China (AP) -- The U.S. Federal Reserve has approved an application by China's biggest lender, the Industrial & Commercial Bank of China, or ICBC, to open a branch in New York. http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16700248/ Wed, 06 Aug 2008 02:41:05 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16700248/ Asciano boss welcomes Directors rejected bid by TPG Capital, Global Infrastructure Partners Offer for A$4.40 (US$4.10) cash a share undervalued business, Asciano says Asciano earnings for the year were A$653 million ($599 ... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16700247/ Wed, 06 Aug 2008 02:41:04 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16700247/ As a State Controlled Bank, N. Rock Loses $1 Billion It will also swap up to 3 billion pounds of outstanding debt into equity following the transfer of a Bank of England loan to the Treasury, which could be used at a later stage to boost capital. http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16696920/ Wed, 06 Aug 2008 00:29:37 -0400 CNBC http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16696920/ PAC sells off its plastic card division for €13.9 million PAC has sold its plastic pard company and PCC Services subsidiaries to British company, CPI Card Group UK Holdings for a combined £11 million (€13.9m). "The company continues to develop the strateg... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16695855/ Tue, 05 Aug 2008 23:09:42 -0400 Irish Examiner http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16695855/ Bons profits reach €5.1m Profits would have been bigger but for a €1.13m provision for "costs and losses" associated with the closure of the maternity unit at the Bon Secours Hospital in Cork. The company has been granted "... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16695854/ Tue, 05 Aug 2008 23:09:36 -0400 Irish Examiner http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16695854/ Hold or Fold Norwich European Equity vs Scottish Widows European Growth Like most investment markets, Europe has been a tough sector to perform in recently but this weekâ??s funds manage to illicit a thumbs up from most of those on our adviser panel. Norwich European Equ... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16690969/ Tue, 05 Aug 2008 20:41:38 -0400 Congoo http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16690969/ Economic Woes Boost Videoconferencing ASCO.BE ). While economic woes are expected to prompt more companies to buy videoconferencing gear and cut back on travel, one theory is that companies will first lay off employees and then wait befor... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16693038/ Tue, 05 Aug 2008 19:25:43 -0400 Business Week http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16693038/ Union Revolt at Lufthansa Revolution is in the air at Lufthansa: Last week's five-day strike by ground staff had hardly ended before 5,000 pilots, organized in the union Vereinigung Cockpit (VC), began planning the next work s... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16690416/ Tue, 05 Aug 2008 19:25:42 -0400 Business Week http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16690416/ Lessons from the Credit Crunch See "Governor's comments" in Corrections We are seeing that all the major financial institutions are going to go a lot further than might have been expected initially. In the first few months there... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16693037/ Tue, 05 Aug 2008 19:25:40 -0400 Business Week http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16693037/ July Auto Sales Highlight Small Cars If July sales for the U.S. auto industry show one thing it's this: If it doesn't have a good fuel-economy story, it's not moving out of dealer lots—it's crawling. Overall, Ford ( http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16690527/ Tue, 05 Aug 2008 19:25:36 -0400 Business Week http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16690527/ CORRECTED-FOREX-Dollar pares gains vs euro after Fed decision (Correcting first paragraph to say risks remain to U.S. growth) (Updates with reaction to Fed decision) NEW YORK, Aug 5 (Reuters) - The dollar trimmed gains against the euro and yen on Tuesday after t... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16685898/ Tue, 05 Aug 2008 16:46:28 -0400 Congoo http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16685898/ Irish Exchequer figures for July show that the public finances plunged deeper into the red in July to €6.7 billion Irish Exchequer figures for July show that the public finances plunged deeper into the red in July to €6.7 billion By Finfacts Team Aug 5, 2008 - 5:04: PM > http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16685869/ Tue, 05 Aug 2008 16:14:54 -0400 Finfacts http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16685869/ FTSE 100 rallies on falling oil prices lower oil prices helped the London market break a three-day losing streak today as the blue chip share index rallied 2.5%. Investors piled out of oil and mining stocks and into financials and travel ... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16685903/ Tue, 05 Aug 2008 15:11:06 -0400 IC Wales http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16685903/ Eurozone retail trade down by 0.6% in June The volume of retail trade in the euro zone fell by 0.6 percent in June, compared with May, the European Union (EU)'s statistics bureau Eurostat said on Tuesday. Compared with June 2007, the retail sa... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16680464/ Tue, 05 Aug 2008 12:03:19 -0400 People's Daily http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16680464/ Top Ukraine official confident of keeping Euro 2012 KIEV - UEFA will not deny Ukraine their chance to co-host the 2012 European championship with Poland as planned, a top Ukrainian soccer official was quoted as saying on Tuesday. http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16680467/ Tue, 05 Aug 2008 11:44:21 -0400 Khaleej Times http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16680467/ Gabby Hopeful Of Euro Boost newspaper La Repubblica that he would end his career "having made an impact at a World Cup" were interpreted to mean he would leave after the 2010 competition. Capello's four-year contract will be rev... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16680465/ Tue, 05 Aug 2008 11:34:20 -0400 General Sources http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16680465/ Euro zone June retail sales see record fall BRUSSELS - Euro zone retail sales recorded their biggest ever annual fall in June, data showed on Tuesday, in another sign of an economic slowdown that may convince the European Central Bank to keep i... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16680462/ Tue, 05 Aug 2008 11:43:58 -0400 Business Times http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16680462/ Oil falls below $120 amid concern over U.S. Oil tumbles below $120 a barrel amid market fears over U.S. economy and demand Oil market also affected by dollar making gains against the euro At one point Tuesday it fell as low as $118 a barrel bef... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16681895/ Tue, 05 Aug 2008 11:11:33 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16681895/ Profits boost for Danish brewer Carlsberg World's fifth largest brewer reports 36 percent rise in second-quarter net profit Carlsberg says stronger sales helped offset higher raw material prices It achieved growth particularly in eastern Euro... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16681896/ Tue, 05 Aug 2008 11:11:32 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16681896/ Standard Chartered Earnings Beat Forecasts LONDON, Aug 5 (Reuters) - Standard Chartered Plc. beat analysts' forecasts with a 31 percent jump in first-half profit as growth in Asia continued to outpace western economies and its wholesale bank... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16677482/ Tue, 05 Aug 2008 08:08:32 -0400 CNBC http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16677482/ Why 10 bourses have bucked the global downturn In the 12 months to the end of July, only 10 bourses stayed in positive territory, all of them in emerging markets. Half were in the Middle East, two in North Africa, plus Bangladesh, Slovakia and the... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676204/ Tue, 05 Aug 2008 07:21:16 -0400 Mail & Guardian http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676204/ Eurozone June Retail Sales fell by the most since at least 1995 Eurozone June retail sales fell by the most since at least 1995 as a rise in oil and food costs crimped consumer spending. Sales in 15-member country Eurozone http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676201/ Tue, 05 Aug 2008 07:44:49 -0400 Finfacts http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676201/ Euro zone business activity near 7 year low Business activity in the euro zone in July fell to its lowest level since November 2001, a key survey shows today. The euro zone's purchasing managers' index (PMI), compiled by data and research grou... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676198/ Tue, 05 Aug 2008 07:10:01 -0400 RTE http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676198/ Social security benefits up by €38.5 million Expenditure on social security benefits rose by 13.1%during the first six months of 2008, driven mainly by outlays on pensions in respect of retirement, contributory bonuses and children's allowance... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676202/ Tue, 05 Aug 2008 08:22:20 -0400 MaltaMedia http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676202/ Michael Page Soars After Bid Approach from Adecco LONDON/ZURICH, Aug 5 (Reuters) - Switzerland's Adecco <ADEN.VX>, the world's biggest staffing group, has made a bid approach to Michael Page <MPI.L>, sending shares in the UK recruitment... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16677480/ Tue, 05 Aug 2008 08:08:33 -0400 CNBC http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16677480/ Why the Investment Banking Model is Dead The investment banking model that contributed to the subprime crisis is dead and investors will now refuse to buy products where the risk is not transparent, strategists told CNBC Europe Tuesday. http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16677481/ Tue, 05 Aug 2008 08:08:34 -0400 CNBC http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16677481/ Is the Euro sports-car an endangered species . And anyway, sports cars usually only leave the garage at weekends and contribute only 0.3 percent of EU car emissions. As Lamborghini chief executive Stephan Winkelmann put it: "We represent E... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676033/ Tue, 05 Aug 2008 07:43:39 -0400 IOL http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676033/ Best Sees Growing Interest for Euro-Captives A.M. Best Co. reported that it is "seeing a growing interest in financial strength ratings (FSR) for captives and other alternative market vehicles in the European market." The vehicles are already "o... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676197/ Tue, 05 Aug 2008 07:09:41 -0400 Insurance Journal http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676197/ Eurozone July services PMI dips to 5-year low FRANKFURT August 5 The euro zone's dominant servicessector slid further into contraction in July, hitting a five-year low, while inflationary price pressures remained near record levels.Final data in ... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676200/ Tue, 05 Aug 2008 06:43:13 -0400 Financial Times http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16676200/ SocGen profit drops 63 percent PARIS, France (AP) -- French bank Societe Generale SA, recovering from a multibillion dollar trading scandal, said Tuesday that net profit fell 63 percent in the second quarter after the ongoing crisi... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16677344/ Tue, 05 Aug 2008 06:40:36 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16677344/ Air France-KLM earnings plunge Air France-KLM says it will deepen a cost cutting plan Rising oil prices led to a higher fuel bill and a steep drop in earnings Drop in earnings comparable to falls recorded by Europe's two other larg... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16677343/ Tue, 05 Aug 2008 06:40:34 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16677343/ Aussie At New Multi-month Lows Against Greenback And Euro Following the Reserve Bank of Australia's decision to keep interest rates unchanged at 7.25%, the Australian dollar fell sharply against its major counterparts. The aussie slumped to new multi-month l... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16672286/ Tue, 05 Aug 2008 04:29:08 -0400 Congoo http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16672286/ Dollar rises against the euro in trading late Monday night August 4, 2008 - 9:41 p.m. NEW YORK (AP) - The dollar rose against the euro late Monday night in New York. The 15-nation currency traded at $1.5541, just below $1.5587 it bought in late afternoon t... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16672287/ Tue, 05 Aug 2008 04:36:39 -0400 Canadian Business http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16672287/ Adidas Profit Rises 23% on Better Sales The Herzogenaurach-based company, which owns the Adidas and Reebok brands as well as TaylorMade-Adidas golf products, saw net profit in the January through June period rise to euro286 million (US$443.... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16673318/ Tue, 05 Aug 2008 04:17:48 -0400 CNBC http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16673318/ Adidas net climbs 12% after Euro 2008 tournament LONDON (MarketWatch) -- Adidas on Tuesday announced a 12% profit rise for the second quarter and increased its margin guidance for the year as increased sales from the Euro 2008 soccer tournament help... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16672285/ Tue, 05 Aug 2008 04:10:44 -0400 Market Watch http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16672285/ Fed expected to leave rates alone But the central bank policy makers are faced with the dueling problems of weak economic growth and advancing inflation. To treat one risks aggravating the other. So the Fed is widely expected to leave... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16673151/ Tue, 05 Aug 2008 02:59:14 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16673151/ DIFX plans to bring Dubai bourses closer Dubai () The Dubai International Financial Exchange (DIFX) is planning a host of reforms to boost liquidity in a move that could edge it closer to a merger with rival bourse the Dubai Financial Market... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16672255/ Tue, 05 Aug 2008 02:55:33 -0400 Gulf News http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16672255/ Will Credit Crunch Destroy the Euro Zone Anybody who believes the Eurozone is immune to the havoc created in the Anglo-Saxon economies by the credit crunch would do well to look again. Recent figures suggest the outlook for the EU-15 is poor... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16669021/ Tue, 05 Aug 2008 00:02:05 -0400 Business Week http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16669021/ How the bubble burst - and why 10 bourses have bucked the downturn The financial quake of the past year has toppled almost all the world's stockmarkets. In the 12 months to the end of July, only 10 bourses stayed in positive territory, all of them in emerging markets... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16664548/ Mon, 04 Aug 2008 20:09:18 -0400 The Guardian http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16664548/ Dublin Horse Show costing €3.6m to stage But the event, which is costing €3.6 million to stage, is also big business, embracing tourism and commerce as well as the retail, arts, fashion, crafts and entertainment sectors. It will take place... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16664514/ Mon, 04 Aug 2008 19:42:52 -0400 Irish Examiner http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16664514/ Is Europe Leading or Losing on CO2 Emissions Carbon Trust , a government-backed research-and-advisory group. With the tougher cuts coming into force from 2013 onwards, companies have little choice other than to increase energy efficiency, a... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16661908/ Mon, 04 Aug 2008 16:03:37 -0400 Business Week http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16661908/ US economy woes lean on FTSE Blue chip stocks ended the session in negative territory today as concerns over the US economy added to HSBC's profits gloom.The FTSE 100 Index reversed earlier gains after a poor start to trading on ... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16660105/ Mon, 04 Aug 2008 16:54:56 -0400 Breaking News.ie http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16660105/ German Companies Get Out of China Citing fast-climbing labor costs and pesky production quality problems, a growing number of German companies are doing an about face and pulling their manufacturing operations out of China. Some are s... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16661906/ Mon, 04 Aug 2008 16:03:36 -0400 Business Week http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16661906/ Waiting It Out for Korean Bank HSBC is pressing ahead with its long battle to buy Korea Exchange Bank despite the passing on Friday of the UK bank's deadline for regulatory approval of the deal. Europe's biggest lender said ye... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16661907/ Mon, 04 Aug 2008 16:03:34 -0400 Business Week http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16661907/ Second person charged in SocGen scandal Assistant to Jerome Kerviel becomes second person charged in $7B Soc Gen scandal Kerviel, 31, accused of betting billions of euros of the bank's money without permission Investigators filed preliminar... http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16661201/ Mon, 04 Aug 2008 15:46:21 -0400 CNN Europe http://story.irishsun.com/index.php/ct/9/cid/baf10b3527f6df38/id/16661201/